It looks funny if, instead of a candlestick chart, you switch to a linear chart (without "market noise"), which gives a clearer idea of the direction of the trend. Note, for example, that the triangle itself is half of the base than in the candlestick chart, from which the channel was formed after two "dumps of shortists and lonists". Which can act when leaving it up the 2nd phase of the bowl (accumulation).
Let me remind you that tomorrow is exactly 31 days from "reset 19" and tomorrow is the same on the 19th. At the moment, after the breakout, the price has rolled back to the zone of the mirror support level (the middle part of the channel).
My former trading idea.
BTC/USD Secondary trend (part) "Not eco-friendly" + "Dragon +4"
By the way, as you noticed from the green idea, the square was really green and the price reached these price values after 13 days with a local squeeze. 31000.
This is how this whole local history (triangle-channel zone) looks like on a candlestick chart. As we can see, the candlestick chart perfectly reflects the "greed of longists and shortists" with squeezes of disappointment. By the way, next month there is a big "space event".
Let me remind you that tomorrow is exactly 31 days from "reset 19" and tomorrow is the same on the 19th. At the moment, after the breakout, the price has rolled back to the zone of the mirror support level (the middle part of the channel).
My former trading idea.
BTC/USD Secondary trend (part) "Not eco-friendly" + "Dragon +4"
By the way, as you noticed from the green idea, the square was really green and the price reached these price values after 13 days with a local squeeze. 31000.
This is how this whole local history (triangle-channel zone) looks like on a candlestick chart. As we can see, the candlestick chart perfectly reflects the "greed of longists and shortists" with squeezes of disappointment. By the way, next month there is a big "space event".
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✅ YouTube (Rus): goo.su/vpRzRa2
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.